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Part 1 : Tech Trends Upending Traditional Industries

Part 1 : Tech Trends Upending Traditional Industries

by | Aug 13, 2021 | HCM, News

The pace of technological change in the previous several decades has been unprecedented, from the birth of the Internet to the arrival of big data and quantum computing. The wheels of the machine that is scientific discovery and invention continue to turn. Furthermore, the planet is undergoing some of the most significant transformations in its history. Moreover, no element of daily life, intellectual pursuits, or economic activities is unaffected.

The way we make, ship, market, and utilize items is always changing—a chain of procedures that covers a wide range of sectors including;

1. Digital Banking

With the rise of digital evolution, every industry has been impacted and thus redefined customer expectations. The digital disruption has seen businesses being transformed and making use of digital technologies. Rather than just putting up a mere website, leading companies use digitization from start to finish by doing product design, service, customer care, marketing, customer lifecycle, sales and online engagement.

Industry leaders not only use technology and processes to increase productivity and reduce costs, but they also use digital technology to develop new services, improve customer service, increase revenue, improve business models and products. Successful industries now have a comprehensive digital strategy to determine how to use digital technologies in all business aspects.

2. Internet of Things (IoT) Connecting Everything

According to the Harvard Business Review, IoT is a major transformative wave of innovation. The previous wave of change was mainframes and minicomputers, as well as the rise of the Internet. Internet-connected devices with embedded sensors that can provide actionable information will continue to grow at an exponential rate. These platforms will connect smart machines and smart everything in a collaborative ecosystem.

The Gartner Group refers to it as the “digital grid.” With the rapid growth of the installed base of IoT terminals, information technology (IT) must integrate IoT terminals, mobile devices, wearable devices, consumer equipment, transmission equipment, environmental equipment, etc. Information Technology integrated with IoT into business applications and analytics will provide meaningful insights into business processes and operations.

3. Mobile

Mobile devices remain a strong trend in the future and they are continually integrated into our daily work and personal life. Consumers want to be able to communicate and conduct business with companies through their smartphones, laptops and tablets and they’re wearable devices. The number of mobile devices so far exceeds the number of laptops and desktops that are currently used, and customers are more likely to access applications through smartphones or mobile devices than through PCs.

As mobile device sales increase, so has the variety and number of downloaded mobile applications. Businesses in all industries are using mobile devices to increase customer engagement, boost sales and build customer loyalty. This is done by the use of technology that supports a rapidly changing mobile workforce and customers. It is expected to see the mix of mobile devices, smart devices, and the Internet of Things across all industries and functions.

How To Meet The Requirements of Tomorrow’s Employers

How To Meet The Requirements of Tomorrow’s Employers

by | Jul 7, 2021 | HCM

Job requirements are skills, attributes and experiences that employers expect to have among their hired candidates. Employers believe that these qualifications are essential to achieve satisfactory job performance. A prospective candidate should therefore focus on developing the skills that will enhance their employability.

Most job listings usually list the requirements a candidate needs to have to successfully secure a job. This may include specific skills, personal qualities, professional and educational certificates, work experience and other qualifications. These requirements serve to set expectations for employers and potential employees to ensure qualified individuals apply for positions.

It is important that candidates take the time to demonstrate to the hiring manager that their qualifications meet the requirements of the position. A candidate should carefully review the provided job requirements while applying for a job and reference their corresponding qualifications in their cover letter and resume. Employers can sometimes select candidates who have performed well in some key areas but who have not performed well in others.

Some of the things that employers look for are;

1. Skill

Employers seek both hard and soft skills in candidates. Hard skills are generally teachable and measurable abilities, such as the ability to use specific software programs, analyze data, code, implement social media campaigns, draw, etc. Soft skills usually refer to traits that are hard to quantify, such as critical thinking, active listening, creative problem-solving, and communicating effectively. Requirements that employers give usually involve both hard and soft skills. It is crucial for the candidate to develop both these skills.

2. Experience

Experience requirements typically refer to time in a specific field or role related to the position. The employer might also include working with a specific population or in a specific industry or employment sector.

3. Educational requirements

Some positions posted by the employer will require applicants to have a certain level of education. For example, the job may require a high school diploma, a college degree, or a graduate degree. In some cases, related work experience, known as equivalent experience, might be substituted for some or all of the educational requirements.

In conclusion, a candidate should not make assumptions that the skills they put in are the same as the ones recruiters emphasize on. Candidates should also gather a lot of information about the employer and use it to their advantage. Recruiters value technical skills but soft skills set successful graduates apart. This applies across sectors and is just as important in science and technology roles. While a candidate is trying to meet the requirements of today’s employer, they should also be open to failure and take it as a learning opportunity.